TETELESTAI Notification List

The TETELESTAI(It is finished) email which will contain the first 800#'s will be posted first on a private page and will be sent out to everyone subscribed to the private page's feed.

If you wish to subscribe to the private page's feed, please visit the TETELESTAIpage located HERE and access the private page.

If you're having trouble please give me an email at TetelestaiDC@gmail.com

(Note: The TETELESTAI post is the official "Go" for redemption/exchange.)

Guest Posting & Responding Now Available

Dinar Chronicles is now allowing viewers to guest post and respond to articles. If you wish to respond or speak your mind and write a post/article or about the current situation relating to Iraq, the RV, the GCR and so on. You may now send in an entry.

All you need to do is send your entry to UniversalOm432Hz@gmail.com with these following rules.

Wednesday, August 31, 2016

Greetings friends! From heart to heart with infinite love in this moment we speak, I am KejRaj.

The information expressed here is that of my perspective, my point of view. For all truth resides within your heart. Release all, find the peace and the truth will reveal itself.

I love Mother Earth. I love HUmanity. I SEE MYSELF in the water. I SEE MYSELF in the grass, in the trees, in the winds, in all of nature. I SEE MYSELF in the dog, in the eagle, in the grasshopper, in all animals. I SEE MYSELF in the most aware, in the least aware. I SEE MYSELF in the cruel, in the gentle. I SEE MYSELF in the child, in the old man. I SEE MYSELF in the poor, in the rich. I SEE MYSELF in the greedy, in the generous. I SEE MYSELF in the Sun, in the Moon, I SEE MYSELF in the stars. I SEE MYSELF IN ALL, FOR IN TRUTH ALL IS LIGHT ALL IS LOVE, AND I AM THAT, I AM.

The above is the message I have for today. Besides that, let’s all just hope that the messages and predictions of the three weeks from all the different sources, including myself, come to fruition within the month of September.

9/6 : The day after Labor Day / 96 Heaven and Earth

9/9 : Completion

9/11 : New beginnings

9/22 : Manifestation

Below you will see excerpts from different channeled sources on the current global situations.The Pleiadians:

“The dimensional shift that has been developing is in process now. You have only a short time until the underpinnings of the world you know come apart enough that you will be unable to deny that the change is real and total. The next week will keep your attention focused here and there, and while that happens, you will know that other things are also happening, hidden from view to a large degree. While everything seems to be happening, the very ground beneath your feet will begin to shift, and the sky will seem to crack open.”

Sirian Spiritual Hierarchy:“Final conflicts are being drawn out everywhere. The Light has managed to gain the upper hand in all of these concluding events. The dark can clearly see that its last struggles are only to end in defeat. These last arguments, which include the new monetary system and the accompanying financial system, have largely been decided. Even the introduction of the currency exchanges has begun. It is expected that many of you are soon to receive vital information that is to permit you to take your long-held currencies and exchange them for vast amounts. These are just part of a way to jump-start the many long-awaited currency exchanges first promised a few years ago. The main obstacles came from a de facto American regime, which greatly feared the results of such large monetary exchanges made by those who had never before been given such an extended series of tremendous opportunities.”

Saint Germain:

“I am “St. Germaine.” I am here now in this particular place and time to bring you more information of the NESARA program and then the yet to be, GESARA, which is global. For NESARA is not just meant for this country. It is meant for the entire planet. Nothing will escape this program as it is fully implemented. It will be fully implemented.

There have been many working across the planet that have been working hard to hold this off, to keep it from happening. To squash it before it ever gained a foothold. It has gained a foothold. It has been enacted. It just has not been brought out to the general public. That is coming. The “Guardian” spoke of a grand announcement. This is part of that announcement.”

WHY THE KIRKUK OIL AGREEMENT IS SO IMPORTANT​Today's agreement with the Kurds over the Kirkuk oil field is really important. This was a disputed area/oil rich area. Without being able to determine who owned the area, the Kurds or Baghdad, there couldn't be an agreement on that oil, therefor no HCL, and without an HCL, probably no RV. Territory disputes had to be resolved in order to clarify Article 140.

Sometimes, it's hard to remember key factors. This was one of them, the resolution of which certainly moves forward the HCL.

I still can't project a timeline for the RV. But, I'm looking for Abadi to get the rest of his Ministers appointed mid-September - mid-October given his own statements and the approximate time it takes the GOI to actually vote on things, and they may not approve everyone at once.

After that, Abadi will need to get his proxy positions voted in, including the Gov of the CBI. The 2017 Budget will need to be voted on, and it's very encouraging to see that budget being reviewed by the IMF. The CBI needs to get rid of the MCP. The GOI needs to vote on the Investment Law, and hopefully even the HCL. Mosul is set to be liberated October - December.

The U.S. always wanted the Amnesty Law and the HCL law passed. And they wanted permanent military bases. They got the law and the bases.

The IMF wants the Budgets to be cut, the oil estimated price of oil reduced, back payments paid, foreign currency purchases transparent, the MCP stopped and the Investment Law passed and implemented.

UN wants corruption curbed. They are starting on that problem. They got the over site.

WTO wants Iraq to diversify their economy away from oil, borders secure, taxes and tariffs, and the property rights law passed. They got those things.

Kurds want their land, oil and Barzani wants independence. All of these things are being discussed.

Looking at these various things that the interested parties need, the progress that has been made to date is seen. We can also see what remains:

1) Mosul (October - December according to Abadi wanting to get it done by the end of the year)

2) Fully seated Cabinet of Ministers (Abadi will submit his choices in two weeks)

3) Proxy positions voted on (no date yet)

4) Investment Law (no date yet. Don't forget it's a requirement in the IMF's June LOI)

5) HCL (Sticking points are being agreed upon, but no date yet)

6) MCP (IMF wanted that cut out by the end of the year according to the June LOI)

The World Bank today for the first time issued a bond denominated in Special Drawing Rights in China. The debt was issued in China's inter-bank bond market, and marks an additional step in the internationalization of the Chinese currency. The Renminbi is to join the World Bank's SDR basket of currencies in October.

The World Bank has set an indicated yield range for the three-year bonds at between 0.4 and 0.7 percent annually. The value of the SDR notes is based on a basket of international currencies - the US dollar, the Euro, the British Pound, and the Japanese Yen. The Chinese RMB will be included from this October and will then help determine the value of the bonds. The bond purchases will be settled in Yuan. This is the first SDR bond issued anywhere in 35 years -- what is its importance?

"The first significance is that now we have a SDR denominated bond that includes the RMB. The fact that it's issued anywhere is important because the RMB will help determine the pricing of this bond. The second significance is that this bond is issued within China, so in terms of balancing your fixing income portfolio, traditionally that's going to be in RMB, but now you can have a bond that's also denominated in dollar, in Pound and in yen, and also in RMB. So by holding this bond, you get more exposure to the international currency market, and certainly you can diversify your bond portfolio better, in terms of currency risks," said professor Qian Jun, Shanghai Advanced Inst. of Finance.

China's central bank has approved the World Bank's issue of a total of 2 billion worth of SDR bonds in China. If the first float goes well, other issues will follow.

"What we expect is that such issuances will be more common. Although if you look at this particular piece, it's small, but you put them together, and the fact that there will be more and more such bonds issued, and their importance will grow, and will make RMB a true member of the global investing currency, and RMB denominated assets will become a bigger part of global investors," said professor Qian.

The bond is named the Mulan Bond after the famous Disney character. The World bank says the RMB will have a 10.92 percent weighting in the SDR basket, greater than the proportion granted to the British Pound or the Japanese yen.

BEIJING, Aug. 31 (Xinhua) -- Chinese President Xi Jinping on Wednesday called for joint efforts with Saudi Arabia to make sure the G20 Summit in Hangzhou will succeed in boosting world economic growth and perfecting global governance.

He said the international society looks forward to seeing the G20 Summit play a positive role in boosting the global economy and enhancing international economic cooperation.

China and Saudi Arabia are both important G20 members and emerging economies. They should work together to ensure G20 functions well as the major forum for international economic cooperation, Xi said.

Mohammed, also Saudi Arabia's defense minister, will attend the G20 Summit in the eastern Chinese city of Hangzhou, scheduled for Sept. 4-5.

Xi welcomed Mohammed's visit to China and congratulated him on the success of the first meeting of a high-level steering committee for coordinating bilateral cooperation.

China takes Saudi Arabia as an important partner in the Belt and Road Initiative, he said, adding that China is ready to work with Saudi Arabia to enrich their comprehensive strategic partnership.

Underlining the importance of cementing strategic mutual trust, Xi said China supports Saudi Arabia's efforts in safeguarding its own security and stability.

He called on the two countries to step up the alignment of each other's development strategy, so as to deepen the integration of common interests.

"We should use the Belt and Road Initiative to lead bilateral pragmatic cooperation," he said.

The president said China is willing to expand cooperation with Saudi Arabia in the sectors of infrastructure, manufacturing, finance, investment and energy.

China has a large amount of industrial capacities, equipment and innovative technologies that are internationally competitive, and can be a partner of Saudi Arabia as the latter seeks to diversify its economy and develop its manufacturing sector, Xi said.

Mohammed said Saudi Arabia and China enjoy broad common interests and share similar positions in international affairs.

Saudi Arabia attaches great importance to developing relations with China and views China as an important strategic partner, he said.

Saudi Arabia firmly supports China's stance on Taiwan, South China Sea and other issues, he stressed.

The prince said Saudi Arabia hopes to deepen political and economic ties with China through the high-level steering committee and is willing to link its development strategy with the Belt and Road Initiative.

On the sidelines of the meeting, foreign ministers of the two countries also held talks.

Saudi Foreign Minister Adel al-Jubeir strongly condemned the attack on the Chinese embassy in Kyrgyzstan, saying Saudi Arabia will "firmly stand together with China in the fight against terrorism".

Chinese Foreign Minister Wang Yi said China was ready to work with Saudi Arabia to strengthen international cooperation on anti-terrorism.

Adel al-Jubeir also vowed to make joint efforts with the Chinese side to implement the consensus reached by the high-level steering committee for coordinating bilateral cooperation, which held the first meeting on Tuesday.

... today the largest casualty finally emerged on Wednesday when South Korea's Hanjin Shipping, the country's largest shipping firm and the world's seventh-biggest container carrier, filed for court receivership after losing the support of its banks, leaving its assets frozen as ports from China to Spain denied access to its vessels.

Hanjin Shipping is Korea's largest and one of the world’s top ten container carriers that operates some 70 liner and tramper services around the globe transporting over 100 million tons of cargo annually. Its fleet consists of some 150 containerships and bulk carriers.

With 4 regional headquarters in the U.S., Europe, Asia and South East & West Asia, approximately 5,000 global staffs as well as container terminals in world’s major ports contribute to Hanjin Shipping’s world-class logistics network around the world.

As Reuters reports, banks led by state-run Korea Development Bank withdrew backing for the world's seventh-largest container carrier on Tuesday, saying a funding plan by its parent group was inadequate to tackle debt that stood at 5.6 trillion won ($5 billion) at the end of 2015.

Suk Tai-soo, president and chief executive officer of Hanjin Shipping Co, arrivesat a court in Seoul, South Korea, August 31, 2016.

South Korea's biggest shipping firm, announced the filing for receivership and a request to the court to freeze its assets, which the Seoul Central District Court planned to grant, a judge told Reuters.

As part of the company's insolvency process, the court will now decide whether Hanjin Shipping should remain as a going concern or be dissolved, a process that usually takes one or two months but is expected to be accelerated in Hanjin's case, the judge said.A bankruptcy for Hanjin Shipping would be the largest ever for a container shipper in terms of capacity, according to consultancy Alphaliner, exceeding the 1986 collapse of United States Lines.

Coming as no surprise to anyone who has followed the persistent decline in worldside trade, global shipping firms have been swamped by overcapacity and sluggish demand, with Hanjin booking a net loss of 473 billion won in the first half of the year.

South Korea's ailing shipbuilders and shipping firms, which for decades were engines of its export-driven economy, are in the midst of a wrenching restructuring. According to Reuters, KDB's decision to stop backing Hanjin Shipping shows the government is taking a tougher stance with troubled corporate groups.

The fallout from the country's unprecedented bankruptcy invoked a statement from South Korea's Finance Minister Yoo Il-ho, who said that "the government will swiftly push forth corporate restructuring following the rule that companies must figure out how to survive and find competitiveness on their own while taking responsibility."

To be sure, this decision is a fresh breath of air in a world in which mega-corprations across the globe have become "too big to fail" by default, and in many cases anticipate a government bail-out.

According to South Korea's Financial Services Commission, Hyundai Merchant Marine, the country's second-largest shipping line, will look to acquire its rival's healthy assets, including profit-making vessels, overseas business networks and key personnel, A Hyundai Merchant Marine spokesman told Reuters nothing had been decided about the potential acquisition of Hanjin assets and that the firm will hold talks with KDB. Hyundai Merchant Marine is also in the process of a voluntary debt restructuring.

The question now is whether as a result of the bankruptcy process there will be an unexpected failure in the global supply-chain:South Korea's oceans ministry estimates a two- to three-month delay in the shipping of some Korean goods that were to be transported by Hanjin Shipping, and plans to announce in September cargo-handling measures which could include Hyundai Merchant Marine taking over some routes, a ministry spokesman said on Wednesday.

Making matters worse, Reuters adds that KDB's move to pull the plug was already having an impact on Hanjin's operations, with the company's various shipping assets already frozen. Ports including those in Shanghai and Xiamen in China, Valencia, Spain, and Savannah in the U.S. state of Georgia had blocked access to Hanjin ships on concerns they would not be able to pay fees, a company spokeswoman told Reuters.

Another vessel, the Hanjin Rome, was seized in Singapore late on Monday by a creditor, according to court information. "Now Hanjin must do everything it can to protect its clients' cargoes and make sure they are not delayed to their destination, by filing injunctions to block seizures in all the countries where its ships are located," said Bongiee Joh, managing director of the Korea Shipowners' Association.

Finally, while jarring Hanjin's bankrtupcy was inevitable: shipping industry economics have deteriorated. Charter rates for medium-sized container ships have dropped from around $26,000 a day in 2010 to $13,000 per day now. Container rates from Shanghai to the U.S west coast have more than halved since then, from around $2,000 per 40-foot container in January 2010 to $596 per 40-foot box last week, data from the Shanghai Shipping Exchange shows.

Shares in Hanjin Shipping have been suspended after plunging 24% on Tuesday.

The global implications from the bankruptcy are unknown: if, as expected, the company's ships remain "frozen" and inaccessible for weeks if not months, the impact on global supply chains will be devastating, potentially resulting in a cascading waterfall effect, whose impact on global economies could be severe as a result of the worldwide logistics chaos. The good news is that both economists and corporations around the globe, both those impacted and others, will now have yet another excuse on which to blame the "unexpected" slowdown in both profits and economic growth in the third quarter.

While the trading world was focused on the latest news involving Deutsche Bank, namely that the troubled German bank had beencontemplating a merger with Germany's other mega-bank, Commerzbank as part of a strategy to sell all or part of a key business to speed up its flagging overhaul, a more troubling report emerged in a German gold analysis website, according to which Deutsche Bank was unable to satisfy a gold delivery request when asked to do so by a client of Germany's Xetra-Gold service.

But first, what is Xetra-Gold?

According to its website, the publicly traded company "provides investors with an efficient instrument to participate in the performance of the gold market. Xetra-Gold’s combination of features – cost-efficient trading and the right for physical delivery of gold - makes it an attractive product."

Cost-efficient trading: No mark-up fee, no transportation or insurance costs such as those incurred when purchasing physical gold. Only the standard transaction fees that are charged for on-exchange securities trading are payable at the time of acquisition. The spreads that apply to purchase and sale correspond to the standard conditions on the global market and are considerably lower than those for traditional gold-based financial products. Furthermore, management or administration fees relating to Xetra-Gold are not incurred. The investor pays the amount of custody fees which he/she has agreed upon with the depository bank.

Physically backed: The issuer uses the proceeds from the issue of Xetra-Gold to purchase gold. The physical gold is held in custody for the issuer in the Frankfurt vaults of Clearstream Banking AG, a wholly-owned subsidiary of Deutsche Börse AG. In order to facilitate the delivery of physical gold, the issuer holds a further limited amount of gold on an unallocated weight account with Umicore AG & Co. KG.

Transparent: Xetra-Gold tracks the price of gold on a virtually 1:1 basis, and is always up to date.

Tradeable in euros per gram: While in the past, gold was mainly denominated in US dollars per troy ounce, you trade Xetra-Gold in euros per gram.

Stable/Constant holdings: The investor’s right to receive delivery of the certificated amount of gold is not reduced by management costs or other fees, unlike other investments in gold. 1,000 units of Xetra-Gold will still represent a kilogram of gold in 30 years' time.

The company makes the following promise:

Redemption for gold: Investors always have the possibility of demanding delivery of the securitised amount of gold per bearer note against the issuer. If the investor is not able to exercise this right due to legal restrictions effective for him/her, he/she can demand the cashing of Xetra-Gold from the issuer. In this case, a settlement fee of EUR 0.02 per Xetra-Gold bond will be charged.

Delivery of gold: If an investor asserts his/her right to the delivery of the certificated volume of gold from the issuer, the gold will be transported to the respective point of delivery by Umicore AG & Co. KG, which is responsible for all physical delivery processes. The issuer will also have delivery rights of gold from Umicore AG & Co. KG, as the gold leaf debtor. Investors can find information on delivery and the alternative payment claims that are relevant for investment and insurance companies in the PDF document entitled 'Information on the process for exercising Xetra-Gold'.

And yes, Deutsche Bank is involved, as the fund's Designated Sponsor.

In other words, Xetra-Gold is an Exchange-Traded Commodity which differentiates itself by "representing that every gram of gold purchase electronically is backed by the same amount of physical gold" and its principal bank is none other than Deutsche Bank.

And with Germans recently rushing to buy safes or find sound money alternatives in a country where the interest rate is negative, the ETC, it is not surprising that the population has flocked to its offering.

According to recent report by LeapRate, the gold held in custody by Deutsche Borse Commodities for the purpose of physically backing the Xetra-Gold bond has risen to a new record high of 90.67 tons, an increase of more than 50% since the beginning of the year. "For each Xetra-Gold bond, exactly one gram of gold is deposited in the central vaults for German securities in Frankfurt" the report parrots the company's website.

Among all exchange-traded commodities (ETCs) tradable on Xetra, Xetra-Gold is by far the most successful in terms of turnover. During the first seven months of the year, order book turnover on Xetra stood at approximately €1.5 billion. The assets managed by Xetra-Gold currently amount to €3.5 billion.

In September 2015, the German Federal Fiscal Court (Bundesfinanzhof) had ruled that after a minimum holding period, any profits from the sale or redemption of Xetra-Gold are not subject to the capital gains tax. From a fiscal point of view, the purchase, redemption or sale are thus to be treated equal to a direct purchase or sale of physical gold, such as in bullions or coins.

But what is most notable, is that, as noted above, Xetra-Gold investors are entitled to the delivery of the certified amount of physical gold at any time, and adds that "since the introduction of Xetra-Gold in 2007, investors have exercised this right 900 times, with a total of 4.5 tons of gold delivered."

However, something appears to have changed.

As Oliver Baron reports, those who ask for gold delivery at this moment, "could encounter difficulties." The reason is that according to Baron, a reader of GodmodeTrader "sought physical delivery of his holdings of Xetra-Gold. For this he approached, as instructed by the German Borse document, his principal bank, Deutsche Bank."

At that point then he encountered a big surprise: the Deutsche Bank account executive informed the investor that "the service", is no longer offered, namely exercising physical delivery at Xetra-Gold, for "reasons of business policy" and therefore the order form provided by Clearstream Banking AG for exercising Xetra-gold is no longer available.

Baron writes that since Deutsche Bank is no longer serving the physical exercising of delivery request of Xetra-Gold is remarkable, as Deutsche Bank is the "designated sponsor" as well as fiscal, principal and redemption agent of Xetra-Goldaccording to its prospectus, and as the explainer of how to exercise physical delivery also reveals. Even if one is a customer of another bank, Xetra-Gold should - at least on paper- guarantee delivery by way of Deutsche Bank, as the Deutsche Borse Commodities GmbH explains in its "process description for exercising units"

Step-by-step description of exercise

Together with a representative of his principal bank, the investor creates the transaction and sends it to the principal bank's custodian with the relevant process data described above. The custodian in turn instructs its custodian, stipulating all process-relevant data, until a bank which is a customer of Clearstream Banking is authorised.

The customer may use the attached exercise form to instruct the designated sponsor (here Deutsche Bank AG, Frankfurt) to deliver a specified number of gold bars to the point of delivery. The process is similar to that for the delivery of physical certificates.

The customer should send the original exercise form to the following address:

To transfer the required amount of Xetra-Gold units to the blocked account of Deutsche Börse Commodities, the customer should also place an FoP instruction via CASCADE or File Transfer/SWIFT.

Delivery will be initiated if Deutsche Bank receives the securities and the application form by 10:00 CET. As a rule it takes one to two weeks to deliver retail gold bars and four days for London Good Delivery gold bars from date of ordering. As soon as the delivered gold arrives at the point of delivery, the Xetra-Gold® units are removed and recovered from the "Ausübungskonto DBCo" (DBCo exercise account).

Due to the provisions of the Money Laundering Act (Geldwäschegesetz) only the branch of a bank may be used as point of delivery. Investors expecting a large delivery of gold should contact their principal bank to discuss the transfer of the gold to the point of delivery.

The article goes on to note that it was not clear whether the exercise and physical delivery at other banks is actually still possible. Baron said that Deutsche Borse Commodities advised to transfer the Xetra-Gold shares in a cooperative/Raiffeisenbank since physical delivery is allegedly still possible here. The Deutsche Borse also announced that it is currently working on the "possibility of delivery regardless of bank branch." However, since this process was not described in the prospectus of Xetra-Gold, it would have to be legally tested, which could take considerable time.

The article's conclusion: anyone who wants to easily convert their Xetra-Gold holdings into physical gold - at least for clients of Deutsche Bank - can do so only by selling their shares, and then buying gold coins or bars directly elsewhere. Which leads the author to the logical question: what is the worth of the Xetra-Gold service, which certifies the right to redeem physical gold, if said delivery is no longer possible?

In other words, what was supposedly an ETC which promised physical delivery upon demand, is nothing more than yet another "paper only" play.

We, on the other hand, have a more focused question: is the inability to deliver physical gold an incipient issue with Xetra-Gold, or with the company's "designated sponor" Deutsche Bank, and if the latter is suddenly unable to satisfy even the smallest of delivery requests by retail clients, just how unprecedented is the global physical gold shortage?

September is packed with plenty of surprises that could shake up markets

Patti Domm | @pattidomm | CNBC

The relatively quiet markets of summer are about to get a wakeup call.

July and August have been mostly good for stocks and bonds with the S&P 500 hitting new highs and rising 9 percent above its late June low. Bond prices have held at rich levels, as yields stayed super low. But that could all be about to change when markets enter September — a month that will be big with central bank meetings and other events that could challenge expectations.

"I think it's potentially a turning point for volatility. Volatility was very low over the course of the summer," said Jeff Kleintop, chief global investment strategist at Charles Schwab.

It is also a time when markets could start to focus on the presidential election, and if Republican Donald Trump gains momentum, analysts expect volatility. The first debate between Trump and Democrat Hillary Clinton is on Sept. 26. Oil could also be a big story for September, with OPEC and non-OPEC members meeting in Algeria at the end of the month.

September is a month that will put the course of central bank easing to the test with the Fed meeting Sept. 20 and 21, the same days the Bank of Japan meets. The BOJ is expected to unveil a review of its own extreme negative interest rate policies. The Fed is not expected to raise rates that at that meeting, but market odds have been rising to as high as 40 percent that it could, after comments from Fed officials at their Jackson Hole, Wyoming symposium last week.

That means the August employment report on Friday could provide a pre-Labor Day surprise for markets, since the data carry the most weight for the Fed's decision and market expectations about the Fed. While economists are still leaning toward December for the next rate hike, they note the chances are higher for September should the jobs report come in much better than the expected 180,000 nonfarm payrolls.

"After Labor Day, a lot of people better come into work ready. It's been almost too sleepy a summer," said Sameer Samana, global quantitative analyst at Wells Fargo Investment Institute. "It's probably about time we all sharpen our pencils a bit and look at all the things that happened over the last three months. They're all events that have long term implications, but very few short-term implications. It was easy to dismiss them out of hand."

"On Tuesday, you'll start to see how the real money views, not only the payrolls report, but I would throw in Jackson Hole and Brexit," said Samana.

Brexit, or the U.K.'s vote June 23 to leave the European Union, ripped markets briefly, before investors adjusted to the idea that it would not be an immediate split. The Bank of England has promised more easing, and its Sept. 15 meeting is being watched for a possible rate cut. The European Central Bank was also expected to keep an easy hand on the tiller, and when it meets in the coming week, it could detail what other type of assets it will buy.

The central bank meetings are important since it was the promise of easing that sent the markets smoothly sailing through summer, after June's washout. The time is getting closer to when the Fed will break away from the pack and tighten policy again.

"I think in September, in general, you're going to see volatility going up because not only the Fed could hike, but I think there's a chance the ECB and Bank of Japan could disappoint," said David Woo, head of global interest rates and foreign exchange strategy at Bank of America Merrill Lynch.

Woo said the easy money policies have encouraged investors to jump into the most crowded trade. That is the risk parity trade, where investors are long stocks and bonds, expecting both to rise in a low rate, easy policy environment. But he said the presidential election could shake that up, if it creates volatility, and that could send investors to the exits in both asset classes.

"We were all positioned for lower forever, and they're going to have to unwind some of that. If the economic data improves, it's going to put pressure on the Fed," Samana said. "They don't have to hike aggressively, but they will have a tough time explaining why they are close to zero."

He is also worried about crowded positioning. "Whether you're looking at the February or the Brexit lows, there's been a very big change in flows and sentiment," Samana said. "We've seen a lot of flows into the riskier parts of the market. We saw flows into high yield, emerging markets debt, emerging market equities. ... There's been this huge reach for yield. ... What's more worrisome to us is how everyone is leaning on the same side of the boat."

So, it could be the central bank meetings that send ripples to markets if they fail to meet expectations. JPMorgan economists changed their call on the ECB meeting. In the last several days, they said they no longer look for a deposit rate cut of 10 basis points or an official extension ofquantitative easing beyond next March. They say they no longer see a rate cut "as the ECB is unlikely to feel enough pressure from the current growth data or from the currency."

"While it is a close call, we now expect the ECB to buy time with a sufficiently dovish statement in September, essentially hinting that QE is likely to be extended," the economists wrote.

Samana also said disappointment with central banks could be a theme for September, with the Bank of Japan possibly falling flat after BOJ Governor Haruhiko Kuroda built up expectations when he told the Fed at Jackson Hole that the central bank could do more quantitative easing and take yields further into negative territory.

"If you want to talk about folks that have raised the bar way too high, you have the Bank of Japan. That's on September 21. It's hard to make a speech like that and exceed market expectations," said Samana.

Before the central bank meetings, there is a G-20 leaders meeting in China on Sept. 4 and Sept. 5, the U.S. Labor Day holiday. That could be interesting for currency markets since the G-20 finance leaders are believed to have agreed not to engage in competitive devaluations.

China's sudden devaluation of the yuan last August rocked markets, and the currency has begun to slide recently. Also, dollar/yen has dipped below 100 and could be poised to go even lower. The strong yen has been seen as a threat to the Japanese economy, which is heavily dependent on exports.

"The currency markets have reacted in just the exact opposite way that central banks wanted them to," said Samana.

Woo said besides the impact of central banks, the U.S. election already has had an effect. He said the U.S. stock market is pricing in gridlock, with a Democrat president and split Congress, meaning a Clinton win. That gridlock keeps the Fed in play longer, as Washington would be unable to make much change in policy as is currently the case.

Kleintop said the election could become a negative factor if the polls narrow, and challenge Clinton's lead. "In five of the last 10 elections, the loser was ahead in the Gallup polls as late as the last week of October," he said. "The market could be shaken."

Strategists say the market is more comfortable with the idea of Clinton since she is well known and it would retain the status quo in Washington, while Trump brings a high level of uncertainty. "I think you'll see investors more sit on their hands and get a little worried if the race looks tighter," said Kleintop.

Sameena is cautious. "Considering we're at all-time highs on bonds and stocks, if you look at yields and prices, it's not a bad time to have little bit of dry powder. This is not us calling for a change in trend. It's just us saying, be ready for another opportunity like February, a 3 to 7 percent decline in some of the risk assets," he said. "I don't know if it will happen in September, but I would say the odds are higher over the next six months."

Crude oil prices could come under pressure in September as refiners take operations off line for seasonal maintenance ahead of winter fuel production. That requires less oil sales to refineries, which also have been working through a glut of refined product. The prospect of an oil production freeze from OPEC has helped support prices, but many analysts do not expect a deal, since they've failed before. That could drive oil lower.

If OPEC and other producers were to agree to freeze production, it would be at a time when some producers are pumping record amounts of oil and it may not do much to support the price. If oil declines because of no deal, it would create another risk for stocks, which have been sensitive to oil prices as they get closer to $40 per barrel.

"I think the technical tone, not only for U.S. stocks, but emerging market equities as well has really deteriorated. You'd expect people to take some profits on the summer rally of risk assets," said Marc Chandler, chief currency strategist at Brown Brothers Harriman.

Kleintop said another factor for stocks could be the pre-announcements from companies ahead of their third quarter earnings reports.

"We're heading into pre-announcement season. Right now, the difference between the next 12 months earnings growth and the last 12 months is the biggest since 2009," he said. "Analysts are more optimistic on forward earnings growth than they have been for a long time." Yet to be seen is whether companies are as optimistic.

Frank always said we'd hear from Shabibi near the end, looks like he's ready to empty the clip on Maliki. This is probably the reason why Maliki falsely accused Shabibi in the first place causing the good Dr. S to flee Iraq for his life..Look what Dr. S knows!!Waymaker » August 31st, 2016

IMO if Shabibi is speaking out like this about Maliki then they have his file open and about to move him to his new 4x4 home! Then Shabibi will present the new CBI Gov!We are in a time of ACCELERATION- spiritually and naturally. Get Ready!

Shabibi » August 31st, 2016

Maliki wasted money to adopt a new home can accommodate 30-million

By Mohammed Emad 08.30.2016 03:58

Former Governor of the Central Bank of Iraq , "Shabibi" The Prime Minister and former leader of a coalition of state law , "Nuri al - Maliki" received more money than all the rulers of the Republic of Iraq "together" of Abdul Karim Qasim leader Saddam Hussein, and squandered.

Shabibi said, " The money received by al - Maliki was enough to build a new home can accommodate up to 30 million people will be security for all people in the world, noting that al - Maliki appointed four members of his ruling party big positions within the central bank and they are not Mnets with jurisdiction even influenced by the central bank and took random spread widely, and they Director - money laundering department, the director of the legal department, and director of banking surveillance, and Director of the economic Department, pointing out that corruption was rife within the central bank by colleagues in the party al - Maliki. "

Shabibi He noted that " the Director - money laundering department allocates money laundering Iraq in favor of the ruling party and legal director of the gloss upon the Director of the banks monitor traders taking sold dollars to private banks associated with the ruling party and the prime minister, less than the market amounts making Iraq millions of dollars lost per day because of this corruption and the smuggling of government budget funds abroad in favor of al - Maliki and Gelaozath. "

Shabibi said he "when he decided to change them came to him a letter from the prime minister prevented him from removal of these corrupt and between the lines of the book veiled threat, and that when the first elements of the corrupt gang is beyond mad Maliki issued by his partner and friend , " Medhat al - Mahmoud , " an arrest warrant after he was Switzerland will lecture about the new monetary policy within the international symposium for the International monetary Fund. "

Among Shabibi that "then appointed al - Maliki , his cousin called" on the Keywords , "central bank governor to plunder every provision of the Iraqi state in the amount of $ 67 billion in the last days of his dominance on the government to hand over power to" Haider al - Abadi , "and the budget for Iraq empty and the Reserve Central Bank ravished, to enter Iraq in a major financial crisis for the advancement of which can not after a decade even if oil prices improved today. "

Shabibi said that "al - Maliki receive more money than all the rulers of the Republic of Iraq" together "of Abdul Karim Qasim leader Saddam Hussein, was being investigated by any unfinished mention the Iraqi people and homeland, it was enough to build a new home according to the latest international standards , it can accommodate up to 30 million people living in it the welfare and stability will be security for all people in the world to live in. "

After Frank's call, I am confused on a few issues and hope someone can help. The first is that Frank said that Kuwait did not reinstate at 3+ and yet the New York Times ran a story that said they did. Why did the New York Times lie to the public on this issue???

AFTER THE WAR; No Electricity but Kuwait Reopens Its Banks

By DONATELLA LORCH, Special to The New York Times

Published: March 25, 1991

KUWAIT CITY, March 24— It still has no water and little electricity or food, but Kuwait revived its banking system today, introducing a new currency.

Banks reopened for the first time since Iraqi occupation forces shut them down in December. Thousands of people lined up to exchange their old Kuwaiti dinars for crisp new ones and to withdraw a limited amount of money.

Without electricity, the banks services were slow, limited to money exchange and withdrawal. There was no telex, no electronic money transfer and no telephones. The computers were unusable, so all transactions had to be entered by hand.

"It's like going back 20 years," said Mohammed al-Yahya, the manager of the Commercial Bank of Kuwait, the nation's second-largest bank. Seized Dinars Canceled

The Central Bank is canceling the value of Kuwaiti dinars that were seized from the Central Bank and put into circulation by the Iraqis. The invalid serial numbers were posted today in front of all banks in the city.

All other old dinars can be exchanged for new ones on a one-to-one rate until May 7, when the old dinars become invalid. The new official exchange rate is 3.47 American dollars for one new Kuwaiti dinar.

Although it is severly handicapped without electricity, the Commercial Bank, like many other major banks, was able to open for business because its records had been saved from the Iraqis. Mr. Yahya hid the bank's balance sheets in his home and sent its computer records to London via Syria with an Indian employee, who packed the tapes into the back of a trailer.

The banks also face serious personnel shortages. Only 11 of the Commercial Bank's 35 branches opened today, with 137 out of 1,300 workers.

Before the Iraqi invasion, only 17 percent of the bank's staff was Kuwaiti. Many of the foreign workers -- Jordanians, Palestinians and Indians -- fled and now cannot re-enter the country.

For those exchanging money today, there was little they could buy in Kuwait. Many of those in line said they planned to use their money for vacations or for shopping trips to Saudi Arabia to buy generators and food.

"I need to get away from this pressure," said Abdul Mohammed Hussein, a computer engineer in his early 40's who said he was withdrawing 1,500 new dinars to take a vacation in the United Arab Emirates. "Everywhere you go you find lines. At the supermarket, you find lines. To get petrol for the car, you find lines."

Abdul Hamed al-Atar, a 50-year-old retired Interior Ministry official, said this was the first time he had set foot in a bank since September, and he seemed relieved. "Kuwaits always keep a lot of cash with them," he said as he was handed crisp new piles of money that he stuffed into a small bag. "It's a comfort to have money in my hands."

Photo: As Kuwaiti banks opened for the first time in months, a group waited in line to change old banknotes for new. New currency was printed to replace stocks of previous notes looted during the Iraqi occupation. (Agence France-Presse)

Dear Friend ................ This is from 1991 and YES ................. That was the official rate back then for KW............ Just after we went in and re-opened many things. After they re-opened the banks with our security .......... Rate adjustments occurred.

I TALKED OF 1999 AND SAID SO........... They placed the KW dinar back into the open market at 1 to 1 with the UDS.

This agreement with the Kurds over Kirkuk is Very Important!! No RV until Article 140 had been resolved. Getting an agreement with the Kurds is extremely important. This is good news!!!

The meetings between Barzani and Abadi are going very well, with the two most crucial issues being settled. In a press statement, Barzani announced yesterday that an agreement over post-liberation Mosul's government has been reached between Baghdad and Erbil.

Today, it was announced that an agreement over Kirkuk's oil was reached between Baghdad and the Kurds. Article 140 has been in contention because the Kurds wanted the Kirkuk oil fields. Today's agreement splits the oil in half and the expenses.

Resolving the differences between the Kurds and Iraq has been a major hindrance to any meaningful progress for Iraq. The Kurds have always been able to delay laws moving forward within the GOI. The HCL could never be passed nor implemented without an agreement over the Kirkuk oil fields. Retaking Mosul could not have gone forward without an agreement with the Kurds.

These two agreements with the Kurds is VERY important and is Real Progress. Finally!

Additionally, the Council of Ministers have agreed on a draft for the 2017 Budget, and plan to send it to the Parliament by mid-September.

The Amnesty Law was finally passed.

Obeidi, the Defense Minister was fired over corruption charges.

Zebari, the Finance Minister may also be fired over corruption charges.

The war on corruption is beginning with the passing of laws and the questioning and dismissing of high level officials. Iraq was lost because of corruption and terrorism, and both have to be addressed.

When am I gonna see it Wednesday? We might just get the answer to that before we end this call. When I sent out the tweet, there was no new HOT intel. Now I am going to give you what I have. Due to the info and the character of the individuals from whence it came, I am going to share without having confirmed...

IRAQ: ISIS leadership killed, Mosul celebrating DONE, DONE, DONE. Cards? MOSTLY DONE... NO MORE CONCERNS, WAITING ON ONE PERSON (Shabibi?) They are saying that Shabibi is back in the CBI ... people are at ease, no protesters.

BANKING (U.S. and other) - wealth managers are out of place, training, meetings, no where to be found for a day or two (different banks) ... info that banks had recvd instructions Monday re: updating the systems to allow for new rates, believed activity will start as early as Wednesday-Thursday this week ...

Back to Iraq: All the legal stuff that needs to be done is in the Gazette

Back to Banking: from yesterday - a person went to a bank out west to purchase some VN dong - tried to put the purchase through, got message that bank could not sell the dong at that price due to dong revaluing, said wait until tomorrow after the system finishes updating, appt made to come back today.

We have a report of some exchange activity initiated - transaction still showing pending, when asking about the dinar, told transaction had to go through another office, to be credited the next day, that is underway.

That is all I have to share right now.

Q&A

Q: U.S. banks still on lock-down? RR: I don't know of any banks on lock-down Q: legal issues done in Iraq? RR: yes Q: any word from mosques? RR: no

Q: does it have to happen on a weekend? RR: Don;t think so

Q: Another call before Friday? RR: Anything could happen, even before this call is over

I'm at a loss here... I want to start typing and just "spill the beans" on everything I've got. I actually started and stopped, not once. Not twice... Not even 3 times, but a lot more. I'm hearing, from good sources that I trust, that things are moving in EXACTLY the direction that we want. But after all this time, I've learned to bridle my excitement, to keep my enthusiasm in check, and to not get overly anxious. I'm optimistic right now, but we all know we're working with a 3rd world country, so let's just stay patient for now. I'm hoping to give a different update shortly.

Parliament announces the completion of withdrawal of confidence from Zebari measures

Department:Published on the political scene: Today, 18:45 Number of views: 284

Print storySend to Friendfont size

البرلمان يعلن اكمال اجراءات سحب الثقة عن زيباري

BAGHDAD / Sky Press:

It announced the presidency of the parliament, on Wednesday, ready to complete the withdrawal of confidence from Finance Minister Hoshyar Zebari procedures, as pointed out that the rules of procedure necessary to ask the withdrawal of confidence after seven days after making the request.

The deputy chairman of the parliament of Syria, Sheikh Mohammed said in a statement seen by "Sky Press," that "the issue of withdrawal of confidence from Finance Minister Hoshyar Zebari is the focus of attention of the Presidency of the Council of Representatives and perhaps you will get in the next week or the next sessions, as taking place now collecting signatures process by deputies to withdraw confidence from the Minister of Finance in accordance with Article 61 of the Iraqi Constitution. "

He said Sheikh, said that "the rules of procedure of the Council suggests that provides 25 MPs asked to question a minister, and after that the minister come to Parliament to vote for its members conviction or lack thereof concerning the answers, and if the voice of the majority on the lack of conviction submit a request to withdraw confidence in the presidency of the Council after collecting signature 50 MPs to support it, "pointing out that" the rules of procedure of the Council emphasizes the need seven days to begin to withdraw confidence after the submission of the application. "

(11:20 AM)dinarforme was kicked out by dinarforme!

rcookie says(11:20 AM):

WOW!!

rcookie says(11:22 AM):

ZZZZZZZZZZZZZZ

rcookie says(11:23 AM):

Abadi will provide independent ministers to complete his booth ministerial

Wed, 31 Aug 2016 14:50:37

Views: 147

MP for the coalition of state law Jassim Mohammed Jaafar, Wednesday, Prime Minister Haider al-Abadi determined not to fill the vacant ministries by the party leaders.

Prime Minister Haider al-Abadi determined to be candidates for the vacant ministries of independents rather than party leaders and non-affiliated parties clearly, "adding that" this thing applies to the security ministries as well. "

He pointed out that "it is expected to be resolved nominate candidates for ministerial post Eid al-Adha, due to the work of the Council palace before the Eid," And on the reshuffle pointed Abadi out that "I will reshuffle and a range of candidates, including the ministers of interior and defense after the Eid al-Adha, in consultation with the blocks political. "

And questioned Finance Minister Hoshyar Zebari, a vote of no conviction questioned Ebadi said, that "this is a constitutional right and claimed to be a withdrawal of confidence from any minister in accordance with the natural contexts, not personal."

SRW says to rcookie(11:24 AM):

:D I'm awake! Was just waiting on your additional comments!!

Pablo says(11:25 AM):

Independent ministers is a good idea.

kalis says(11:25 AM):

OH BOY 8-) what happen this morning ?? I get a call at work the it was dinarupdates that Adabi not doing anything until after Christmas with reshuffling and etc . I said wait until cookie does his afternoon recap before jump off the ladder .lol

rcookie says(11:27 AM):

THE REPORTS ARE THAT ABADI WILL ANNOUNCE HIS CABINET BEFORE EID HOLIDAY....

Pablo says(11:27 AM):

That's the 11th.

rcookie says(11:27 AM):

WHAT WOULD X-MAS HAVE TO DO WITH IRAQ..

Okie Dinar says to rcookie(11:27 AM):

GM Rcookie! Thank for all the great news this morning. I really like the one about having no intention to repeal Article 14. Question about that article. Why would Saleh ask to suspend art 14? I might be misunderstanding.

rcookie says(11:27 AM):

OH BROTHER..

rcookie says to Okie Dinar(11:28 AM):

HO OKIE....

SRW says to kalis(11:28 AM):

I think you received a prank call!! :D

rcookie says to Okie Dinar(11:28 AM):

LIQUIDITY....

Okie Dinar says to rcookie(11:28 AM):

Sorry :)

kalis says(11:28 AM):

I know Rcookie . I am at lunch will look or have her send what she talking about .crazy people

rcookie says to Okie Dinar(11:31 AM):

AND THERE WAS NEVER A SNOWBALLS CHANCE IN BAGHDAD THAT WAS GOING TO BE REPEALED...THEYVE ALREADY AGREED TO ALL THE CONDITIONS TO SBA LOAN AND RECIEVED THEIR FIRST OF THREE $639 MILLION DOLLAR INSTALLMENTS THEY WILL RECEOVE IN 2016.....NOT CHANGING THE TERMS THAEY AGREED TO IN JORDAN BACK IN MAY AND ADDING NEW EXCHANGE RESTRICTION IN PROCESS....NO WAY...NO WAY.....NO HOW...

kalis says(11:31 AM):

I have learn not panic unless rcookie ,mr white ,hutch ,bgg and few other say so .(handshake)

rcookie says to Okie Dinar(11:31 AM):

WHY SORRY...

kalis says(11:32 AM):

these last few days . there will always be someone having a day to put water on hot fire of the great news .lol

SRW says to kalis(11:32 AM):

Now your talkin!! (y)

rcookie says to Okie Dinar(11:32 AM):

DONT ANSWER HUTCH'S CALL...YOU MIGHT BE NEXT...:D

Okie Dinar says to rcookie(11:33 AM):

LOL, Yeah I figured that.

Okie Dinar says to rcookie(11:33 AM):

LOL, NOT HAPPENING.

Okie Dinar says to rcookie(11:33 AM):

:D

rcookie says to Okie Dinar(11:33 AM):

HES LURKING ABOUT...

Okie Dinar says to rcookie(11:33 AM):

Suddenly I just became unavailable.

Okie Dinar says to rcookie(11:33 AM):

(lol)

rcookie says to Okie Dinar(11:34 AM):

:D

Okie Dinar says to rcookie(11:34 AM):

Thank you BTW!

SRW says to rcookie(11:34 AM):

Hutch? Lurk?!! :S:D

rcookie says to Okie Dinar(11:34 AM):

(y)

Okie Dinar says to SRW(11:34 AM):

:D

kalis says(11:35 AM):

here it is she talking about ========== larrykn says(10:15 AM):

Urgent Abadi: edit Mosul is linked to the departure of Obama

08.30.2016 19:43

[Oan- Baghdad] Prime Minister al - Abadi said edit Mosul city is not linked to the US elections and the departure of US President Barack Obama..itba

Chest: eliminate incapable of convicting and prosecuting from his party and militia

Hakim and u.s. Ambassador to discuss preparations for the battle of liberating Mosul

Abbadi announced the agreement with the province to release the connector and to stay away from politicizing questioning Ministers [extended]

Abbadi: we set a timetable for the return of displaced families to saqlawiyah and karma and Fallujah

.. Abbadi: ask judges and prosecutors to be resolute in combating corruption

.. Abadi: I will reshuffle, including the defense and Interior Ministry candidates after Christmas.

.. Abbadi: Cabinet voted on the draft budget for 2017

Abbadi: Amnesty bill will be modified in two kidnappings and terrorist crimes

kalis says(11:35 AM):

lol

Okie Dinar says to kalis(11:35 AM):

Do they even celebrate Christmas?

SRW says to Okie Dinar(11:36 AM):

Don't think so!! :D

kalis says(11:37 AM):

not here in Plantation fl :D

rcookie says(11:37 AM):

IMO...THIS IS THE DRIVER BEHIND THE LIBERATION OF MOSUL TIMETABLE..

tman23 says(11:38 AM):

Yes they celebrate Christmas....... They even put up Christmas trees.......

rcookie says(11:38 AM):

Battle of Mosul .. identify safe corridors for the exit of civilians

August 31, 2016

Iraqi forces in Mosul near the drunken archive

Iraqi forces in Mosul near the drunken archive

Participate

Print

Iraqi forces identified safe corridors for the exit of civilians from the city of Mosul, which plans to begin the battle retrieved from the organization of the Islamic state Daesh soon.

The Defense Ministry did not disclose the locations or number of lanes, indicating that an announcement in this regard will be issued starting hour military operation.

He said ministry spokesman Naseer Nouri in contact with "Radio Sawa" that there is a joint effort of the state ministries and security forces for the relief of displaced people who fled from Mosul are expected during the battles:

It should be noted that Mosul is the second largest city in Iraq and the Center Daesh operations, which imposed its control in June 2014. Iraqi forces launched with the support of the international coalition led by the United States, several weeks operations in the vicinity of the city during which he gained control of the towns and villages and facilities before .

rcookie says(11:38 AM):

THAT IS IN KURDISTAN AND FOR YAZIDIS..

MrsBGG says(11:39 AM):

Mr. BGG wanted to let you all know that he apologizes for not getting the call up this morning! He had to help someone out :) Thank you'all for your understanding :) He is going to try and get it up later today :)

MrsBGG says(11:39 AM):

And there will be no News Time tonight, but tomorrow night! :)

Okie Dinar says to MrsBGG(11:39 AM):

(y) Thank you for letting us know. (L)

Okie Dinar says to MrsBGG(11:40 AM):

Tomorrow night is perfect!

MrsBGG says to Okie Dinar(11:40 AM):

you are welcome sweetie (L)

MrsBGG says to Okie Dinar(11:40 AM):

Yes sounds great for tomorrow night (y)

rcookie says(11:41 AM):

WHEN THE SAFE CORRIDORS HAVE BEEN ESTABLISHED TO ACCOMODATE FLEEING CITIZENS AND MINIMIZE CASUALTIES AND DISPLACED...ADDRESSING IRAQ...UN AND WORLD CONCERNS..

MrsBGG says to Okie Dinar(11:41 AM):

Thank you for copying!!

MrsBGG says to rcookie(11:41 AM):

Good afternoon! Thank you for the News :)

Okie Dinar says to MrsBGG(11:41 AM):

You're most welcome!

rcookie says to MrsBGG(11:42 AM):

GA..YVW..

MrsBGG says to Okie Dinar(11:43 AM):

and pasting :D

Okie Dinar says to rcookie(11:43 AM):

(lol)

Okie Dinar says to MrsBGG(11:44 AM):

Sorry, for you :)

MrsBGG says to Okie Dinar(11:44 AM):

yes knew what you meant :)

MrsBGG says to Okie Dinar(11:44 AM):

How are the kiddos?

Okie Dinar says to MrsBGG(11:44 AM):

They are great. Painting right now :)

MrsBGG says to Okie Dinar(11:45 AM):

Awe, sweet! How fun!

MrsBGG says to Okie Dinar(11:45 AM):

you're brave with the painting :D

Okie Dinar says to MrsBGG(11:45 AM):

LOL, fun for them, not so much for me. They love it though :)

MrsBGG says to Okie Dinar(11:46 AM):

lol yes

MrsBGG says to Okie Dinar(11:46 AM):

okay, bbiab (}) nice to chat with you :)

Okie Dinar says to MrsBGG(11:46 AM):

OK :) You too!

MrsBGG says to Okie Dinar(11:46 AM):

you are welcome to repost about Mr. BGG and the call...if anyone asks about it :)

Okie Dinar says to MrsBGG(11:47 AM):

I sure will! Thank you!

MrsBGG says to Okie Dinar(11:47 AM):

you are welcome!

rcookie says(11:47 AM):

POSTED THESE AFTER CALL LAST WEEK...REGARDING REVENUE & EXPENDITURE REFORMS THE IMF IS MANDATING AS THE 2017 BUDGET HAS BEEN APPROVED BY CoM AND AWAITING ITS DAY IN PARLIAMENT...

rcookie says(11:48 AM):

2016 IMF LOIREVENUE & EXPENDITURE REFORMS

rcookie says(11:49 AM):

Audit the financial statements of the Development Fund for Iraq and Successor Account 300/600 at the CBI to check that all oil revenue reaches the treasury and monitor the use of the resources deposited in that account. The Ministry of Finance will continue to have all the transactions moving the balance of its foreign exchange account 300/600 at the CBI audited by an international audit company every six month and will post the audit reports on its external website within six months after the end of each audited semester (SB, Table 5).

rcookie says(11:50 AM):

LOOK AT THE AMOUNT OF ADDITIONAL TAX REVENUES WHEN IMPLEMENTED FULL YEAR FOR 2017...

rcookie says(11:50 AM):

WOULD LOVE TO SEE WHAT WAS LEFT OF THE $38 BILLION DFI FUND...BEFORE IT WAS TRANSFERED TO SUCCESSOR ACCOUNT 300/600...

rcookie says(11:51 AM):

HERES THE UNDERSTANDING WHERE THE VAT WE READ ABOUT CAME FROM....NOT OSMOSIS.... THE IMF..

rcookie says(11:53 AM):

SO THERE IS A PC FOR MINISTRY OF FINANCE BY END OF SEP 2016....NO GUESSING....SPECULATING....RIGHT FROM THE IMF...

rcookie says(11:53 AM):

SO THIS IS SOMETHING YOU CAN GUARANTEE YOU WILL SEE AS PART OF 2017 BUDGET..

rcookie says(11:53 AM):

MORE TO LOOK FOR BEING EXECUTED BEFORE THE END OF 2016...

rcookie says(11:56 AM):

AND HERE ANOTHER PC DATE BENCHMARK FOR END OF DECEMBER 2016.......TO PROPOSE STARTEGY TO STRENGTHEN THE TAX & CUSTOMS ADMINISTRATION...

rcookie says(11:57 AM):

AND...BY TODAY..END OF AUGUST PROPOSE A STRATEGY TO IMPLEMENT UNCTAD ASYCUDA INFORMATION SYSTEM TO ITS ADMINISTRATION...

rcookie says(11:57 AM):

AS PER UNCTAD....THE MoF WILL BY END OF 2016 PROPOSE STRATEGY TO STRENGTHEN THE TAX CUSTOMS ADMINISTRATION WITH TA FROM THE IMF & WB...WHO WILL IN TURN....PROPOSE A STRATEGY TO IMPLEMNT THE UNCTAD INFORMATION SYSTEMS INTO ITS ADMINISTRATION....

rcookie says(11:58 AM):

THE IMF IS TELLING THEM THEY WANT THEM TO BROADEN THEIR NON OIL TAX REVENUES...AND THEN GOES ABOUT TELLING THE WORLD HOW THEY WILL GO ABOUT ATTAINING THE NUMBERS THEY ARE SETTING AS A GOAL.

rcookie says(11:58 AM):

THIS IS WHY THE VALUE ADDED TAX IS SUCH A BIG DEAL....

rcookie says(11:59 AM):

6 The introduction of a 5 percent VAT, as decided by the Gulf Cooperation Council states for 2018 could yield annual revenue of 2 percent of GDP in these countries.

rcookie says(11:59 AM):

ADD REVENUES OF 2% OF GDP!!!.....

elliscole2002 says(11:59 AM):

understanding it all now

rcookie says to elliscole2002(12:00 PM):

(y)

elliscole2002 says(12:00 PM):

(y)

rcookie says(12:00 PM):

THIS IS WHAT THE IMF TOLD THEM THEY WERE LOOKING FOR IN WAY OF EXPENDITURES....

rcookie says(12:00 PM):

D. Expenditure Reforms 24. In order to decrease expenditure, the government will implement the following measures:Control the evolution of wages and pensions by a combination of the following measures:

rcookie says(12:01 PM):

implementing a hiring freeze in sectors other than security, health and education in 2016;

kalis says(12:01 PM):

??

rcookie says(12:01 PM):

AGAIN THAT PC DEADLINE IS TODAY

rcookie says(12:02 PM):

AND THE PUBLIC PENSION LAW WAS JUST VOTED ON....

bronclee says(12:02 PM):

Thanks Cookie....your having a good week! (y)

rcookie says(12:03 PM):

AND THAT IS ANOTHER DECEMBER PC DEADLINE...

bibi says to rcookie(12:03 PM):

Thank you, Rcookie, for the news and commentary. Much appreciated! And for the newstime last night.

rcookie says to bronclee(12:03 PM):

(y)

rcookie says to bibi(12:04 PM):

HI BIBI..YVW..

kalis says(12:04 PM):

great rcookie is something happening to the stock exchange sept 3 ? thanks for all you do (y)

bibi says to rcookie(12:04 PM):

You, Mr. White and Hutch are such a great team! As well as Subby last night!

(12:04 PM)elliscole2002 was kicked out by elliscole2002!

rcookie says to bibi(12:04 PM):

SUBY STOLE THE SHOW...SHE HAS AN AGENT NOW...

rcookie says to bibi(12:04 PM):

SUBBY*

rcookie says to kalis(12:05 PM):

NOT THAT I HAVE READ...

rcookie says(12:05 PM):

THIS IS WHY YOU ARE SEEING GHE PENSION LAW UP FOR READING & VOTE IN PARLIAMENT RIGHT NOW....

rcookie says(12:06 PM):

NOT A COINCIDENCE...AND TO YOU AND I...OR THE AVERAGE JOE READING ABOUT IT SEEMS LIKE A REAL YAWN....

rcookie says(12:06 PM):

TO A COUNTRY LOOKING TO SQUEEZE EVERY DINAR OUT OF ITS ECONOMY GOING THROUGH TOTAL METAMORPHISIS....THIS IS WHY IT IS SO IMPORTANT.....

rcookie says(12:07 PM):

LOOK AT THOSE NUMBERS...

rcookie says(12:07 PM):

AND OULINES THE PARAMETERS IN DETAIL....

rcookie says(12:08 PM):

31 TRILLION ADDED TO THEIR GDP THROUGH 2028...BY MAKING SIMPLE AMENDMENT TO A LAW WITH THE STROKE OF A PEN.....

rcookie says(12:09 PM):

AND THIS IS WHY COLLECTING THE ELECTRICITY TAXES ELECTRONICALLY....AS RECENT AS TODAY IS SO IMPORTANT...

(12:09 PM)honeybee12 was kicked out by honeybee12!

rcookie says (12:09):

THE NUMBERS ARE AMAZING...

rcookie says(12:10 PM):

SOME OTHER THINGS THESE SLACKERS ARE DOING BEHIND THE SCENES PER IMF.......

rcookie says(12:11 PM):

AGAIN... MUCH MUCH IMPROVEMENT OF ACURACY/TRANSPARENCY & TIMLINESS TOWARD THEIR ECONOMIC DATA REPORTING....

rcookie says(12:11 PM):

AND...WHY ARE THOSE ELECTRICITY NUMBERS A YAWNER FOR US...BUT SO CRITICAL TO AN ECONOMY REINVENTING ITSELF LIKE IRAQ'S..

rcookie says(12:12 PM):

8 In 2015, total electricity consumption was 42 TWh, revenue amounted to ID 0.8 trillion while the cost of producing electricity, with oil supplied at $5 per barrel, amounted to ID 5 trillion. This tariff increase has the potential to increase the electricity sales to ID 3 trillion and reduce the gap with production cost to ID 2 trillion. In 2015, the central government consumed 4.5 TWh. This tariff increase will increase the cost of its electricity bill from ID 73 billion in 2015 to ID 675 billion in 2016, compared to ID 360 billion in the 2016 budget. Credits for electricity consumption were revised upwards accordingly in the revised fiscal program for 2016 (¶20).

(12:13 PM)j10000 was kicked out by j10000!

rcookie says(12:13 PM):

AND WHY THE PDS (PUBLIC DISTRIBUTION SYSTEM) IS SO IMPORTANT TO THEM...

THIS IS THE LAST ONE IN EXPENDITURE REFORMS.....AND THE NUMBERS ARE STAGGERING..

rcookie says(12:15 PM):

WITH MANY MORE CLASSIFIED AS SERVING NO PURPOSE BEYOND PROVIDING PUBLIC EMPLOYMENT...ARE STRUCTURALLY LOSS BURDENS OF STATE FINANCES....WHICH CANNOT EVEN TRULY BE ACCURATLY MEASURED BECAUSE OF THE POOR FINANCIAL REPORTING SYSTEMS IN IRAQ.....

rcookie says(12:15 PM):

SO THE NUMBERS ARE PROBABLY QUITE WORSE.....SO THE WB HAS SET UP A DATABASE TO MONITOR THE FINANCIAL RISKS OF THESE NON FINANCIAL SOE'S TOWARD FUTURE RESTRUCTURING.......IN THE EXACT SAME WAY THAT THEY ADDRESSED THE 2 SOB'S...WHICH THEY ARE ABOUT TO REVEAL TO THE WORLD........

elliscole2002 says(12:17 PM):

This is why we see Iraq meeting or exceeding all their deadlines

rcookie says(12:17 PM):

BA DEE...BA DEE...BA DEE THATS ALL FOR THE REVENUE & EXPENDITURE REFORMS FOR THE 2016 LOI...

kalis says(12:18 PM):

ok PC is PERFORMANCE CRITERIA just incase noone know like me . You do not you never know . thank you rcookie

Okie Dinar says(12:19 PM):

LOL, Thank you Kalis! :)

rcookie says(12:19 PM):

NO GURU BS...GUESSING...SPECULATION....JUST RIGHT FROM THE IMF...

Okie Dinar says to kalis(12:19 PM):

(y)

SRW says to rcookie(12:19 PM):

Who are the two SOB's? I thought there were more than that!! :D

Okie Dinar says to rcookie(12:19 PM):

:)

slh5282 says(12:19 PM):

great news run

rcookie says(12:20 PM):

STATE OWNED BANKS...RASHEED & RAFIDAIN...

slh5282 says(12:20 PM):

that is what we like about your news RCOOKIE.. all facts no shinola!!

Okie Dinar says to slh5282(12:20 PM):

(y)

rcookie says(12:21 PM):

SOE'S ARE STATE OWNED ENTERPRISES...

kalis says(12:22 PM):

(y) ok we need to stop worring my lady buddy just tex me that Kap said they rolling out bank reforms ...({)

kalis says(12:23 PM):

great news today ... rcookie you are the best . your PC IS GOOD also (y)

elliscole2002 says(12:23 PM):

they have been rolling bank reform for a bit now

Okie Dinar says(12:24 PM):

Mr. BGG wanted to let you all know that he apologizes for not getting the call up this morning! He had to help someone out :) Thank you'all for your understanding :) He is going to try and get it up later today :)

And there will be no News Time tonight, but tomorrow night! :)

elliscole2002 says to Okie Dinar(12:25 PM):

thanks

Okie Dinar says to elliscole2002(12:26 PM):

You're welcome :)

rcookie says(12:27 PM):

AUCTIONS AT $133 MILLION...

rcookie says to SRW(12:29 PM):

:D

SRW says to rcookie(12:33 PM):

Just now got that one did ya? :D

dale says(12:34 PM):

Rcookie : No gurus, no speculation .... just the truth and the facts ....that' s what I want.

rcookie says(12:35 PM):

.but now the IMF since December has made it very clear it is 1 to 1...plus...every time an article comes out from the GOI or the CBI or some Financial Committee member it is always 1 to 1.

Good news spreads fast. A friend tells a friend who tells a friend....soon you're an Amway diamond with a massive down line. Some of which own a boatload of ZIM. Some keep buying and buying and buying with absolutely no frame of reference on how it will feel to be holding GOD'S blessing. "Oops did I take too much, God?" Out of guilt, they give indiscriminately without proper discernment. If they don't, it builds up behind the the dam which is their heart. Within a few months real Estate prices go through the roof and the average family can no longer afford it. In sloppy fashion, his anonymity is compromised and his family is suddenly in danger. Now they live a life of imense paranoia. What have I done O Lord? What have I done?!

This ain't Pokémon cards guys. Search your heart. If you feel you have too much, burn some or reduce the rate that you are willing to accept. Don't feel bad about having made a mistake.

Remember that hoarding is of a scarcity mindset and one that will anchor you to the old reality.

I have less than most and still gifted most of it to other currency holders and still have enough to end poverty on a global scale....single handedly.

Protect your soul.Less is more if happiness is your goal.

But...if you have what it takes to disperse Quints responsibly and anonymously then be Gods hand in action!

GOOD MORNING ONE AND ALL. ANOTHER DAY OF GREAT EXPECTATIONS ACROSS DINARLAND.

AS USUAL WE MUST BE REALISTIC AND LOOK AT OTHER POSSIBILITIES. WITH THAT IS MIND AND WITH NO OTHER INFORMATION AT HAND SO FAR THIS MORNING I WILL SHARE WHAT ONE OF MY CONTACTS SHARED WITH ME THIS MORNING.

This observation is from one of my contacts (Edited):

We are entering a six week marathon of constant change and a struggle for power between countries. The United States will lose its crown of unconventional monetary policy. Germany will Brexit the EU join the bricks Silk Road. Look for Turkey to leave the United Nations (NATO?) also. China to expand into the Middle East and the seven country's to join the bricks, Iran, turkey, Iraq, etc. and so much more. Cause and affect take a little time so don't look to cash in right away. 9/23 to 10/1 are dates to watch. ADDENDUM 1 (11:15AM MDT):

Here we are one day from September 2016 already. Iraq is moving at an exhilarated rate forward beyond my wildest dreams. Yes- they have a target timeframe for better security, better stability thus better days ahead. I can hardly believe the news.

I was told by my contacts that we should now watch for the HCL. I listen to them since they have never strung me along or gave me falsified information. So lo and behold what do we see in the recent news?​Recommitted work towards the finalization of the oil and gas law. Abadi and Jubouri are not going to stop until they get the draft oil and gas law ( or HCL), passed in parliament to become legal and a binding law. All the news points in a positive direction. If you can’t see the priority then you are blind and I simply can no longer help you see the trees from the forest. I can only explain so much in one news letter as I build upon each news letter to paint the full picture.

I don’t mean to “bore” anyone with more news of HCL today and I hope you can stay awake long enough to read today’s news letter. It is what it is and so we watch and wait.

Amazingly after almost 8 years finally we experienced the Amnesty law passed last week. Now amazingly, another miracle is about to happen. We will soon see the HCL passed.

Don’t see the progress? Don’t you see the amazing miracles happening?​Iraqi gov’t, Kurds to start talks on oil dispute

August/30/2016BAGHDAD - Reuters

The Iraqi government and the Kurdish regional authorities agreed to start talks to resolve a dispute on oil revenue-sharing that is holding back the nation’s crude exports, according to a statement from the Iraqi prime minister’s office.

The statement was published after a meeting in Baghdad between Iraqi Prime Minister Haider al-Abadi and Nechirvan Barzani, prime minister of the Kurdistan Regional Government (KRG).

Iraq’s oil ministry said on Aug. 26 it would consider selling crude through Iran should talks with the autonomous Kurds about oil exported by pipeline through their region from the northern Kirkuk fields to Turkey fail.

“The meeting dealt with issues related to oil production and distribution from the field of Kirkuk and the region” of Kurdistan, the statement said.

“It was agreed to start technical talks” between the oil ministries of the two sides.

Iraq, OPEC’s second-largest producer after Saudi Arabia, depends on oil sales for 95 percent of its public income. Its economy is reeling under the double impact of low oil prices and the war against Islamic State of Iraq and the Levant (ISIL) militants.

The KRG region produces around 500,000 barrels per day (bpd) on its territory and exports those volumes via Turkey. Baghdad would not be able to re-route those volumes to Iran but could order shipments of some 150,000 bpd via Iran that are being produced in the nearby province of Kirkuk.

Iraq’s state-run North Oil Company resumed pumping crude through the Kurdish-controlled pipeline to Turkey earlier this month as “a sign of goodwill” to invite the Kurds to start negotiations, Deputy Oil Minister Fayadh al-Nema said in an interview with Reuters on Aug. 26.

But the flow of crude extracted from Kirkuk by North Oil and pumped in the pipeline has been running at about 75,000 bpd since, or half the rate before it was halted in March, he said. It would only be increased if there is an agreement, he added.

The pipeline carries crude to the Mediterranean port of Ceyhan, where the Kurds have been selling it independently on the international market, along with oil produced in their northern region.

The KRG cabinet has been calling on Baghdad since March to resume the pumping of Kirkuk crude in full to help Arbil fund its war against ISIL.Barzani assures infallible prov ready to resolve the outstanding issues with Baghdad

[Wayne-Baghdad]Prime Minister of the Kurdistan Regional Government , Nechirvan Barzani said the president Fuad Masum, readiness constantly holding meetings between Erbil and Baghdad to resolve the outstanding problems. “

He said the Patriotic Union of Kurdistan said Masum “received Tuesday, at the Peace Palace inBaghdad, Prime Minister of the Kurdistan Regional Government Nechirvan Barzani and his accompanying delegation,” adding that “discuss the status of the region in general and the situation in Iraq and Kurdistan and the political situation by another meeting.”

The President Republic during the meeting, was pleased to visit the Kurdish delegation to Baghdad and met with Iraqi officials in the federal government, especially since it has been discussed a number of important issues between Erbil and Baghdad.

for his part, President of the Kurdistan Regional government pointed to the readiness of the region to continue to hold meetings between Erbil and Baghdad, to reach a solution to all the problems.

a delegation of the Kurdistan Regional Government had reached Baghdad and held meetings, including with Prime Minister Haider al – Abadi series, the two sides agreed to hold technical talks between the Federal Ministry of oil and mineral wealth in the region on issues related to the production and distribution of oil through the region and the Kirkuk oilfields.Political consensus to approve oil and gas law

8/31/2016 0:00

Following the common understandings between the province and the center.

BAGHDAD –morning the whole number of deputies on the existence of conviction among political blocs approve oil and gas law after he suffered from many political differences on the approval, stressing that the next few days will see the discussion of the law in the House of Representatives sessions.

Calls to acknowledge, came after the political understandings that resulted from a meeting of Prime Minister Haider al - Abadi, the provincial delegation, who visited Baghdad yesterday, and discussed a number of important files, including oil.

The government spokesman, Saad al - Hadithi, have said »Sabah» that the meeting Abadi officials Kurds, seen to reach agreement on «hold technical talks between the Federal Ministry of Oil and Mineral Resources in the province on the oil file».

Said the Oil and Energy Committee rapporteur Adil Khamis: The «approve oil and gas law formula that satisfies all the political parties, would be a positive sign towards the development and construction of state institutions in a practical». He stressed in a statement »Sabah» that « the law Corner for several years on the shelves of the House of Representatives because of political differences it, but now the House of Representatives are now looking at the total broken laws -omnha oil and Algaz- as the backbone of the work of the state, and approval will organize state institutions work» .Khamis explained that «there is no intention and political consensus on the approval of the law; it will be a cause for resolving the many crises and the outstanding problems between the political blocs, including between the central government and the province will contribute to a starting job investments that will help in the development of the oil sector.

And the MP that « the next few days will witness the launch law for debate in the House of Representatives, in the presence of conviction among the blocks on the importance ofthis law and the benefits that could accrue to Iraq, including political stability , pointing out that« the Kurdistan Alliance has sufficient conviction to approve the law , although some observations ». package laws as confirmed by a member of the legal Committee parliament, MP for the coalition of Kurdish blocs Amin Bakr, the intention of parliament to approve a draft oil and gas law in the coming period. Bakr said in a press statement: «we have a package of laws , including the justice and accountability and financial laws exempting companies from taxes and oil and gas law» adding that «there determination to approval ». region and the provinces for his part, said the Commission on oil and energy parliamentary member Zaher al - Abadi: that« the federal government withdrew a draft oil and gas law , because they need a consensus between the provincial government and the provinces, and therefore there must be harmony and visions of substantive enactment of the law ».

He pointed out in a statement to morning that the House of Representatives is determined to legislation discreet bill that would preserve the rights of the province and the center and the provinces and therefore need time for legislation.

The MP added that the law will contribute to resolving many of the problems and help to achieve the ambition of the people especially in the installation of provincial rights and benefits would benefit the whole of Iraq», pointing out that «the law is passed in this time will be by political blocs , as legislative.

I quote from the article above – “pointing out that the law is passed in this time will be by political blocs , as legislative (meaning legislation and a legal law).

I am emphasizing one more time to everyone. The HCL is not yet done since they are telling us in the part I quoted from the above article - there become legislation and voted and passed in parliament to be effective. What does this statement mean?

I keep telling all these so called intel “gurus” who always want to jump the gun and keep telling everyone that a particular law is done, when in fact it had not even passed parliament. Don’t they know how democracies work? Don’t they know they must be passed in parliament to become law?

Just like months ago they kept telling us Amnesty was done too. Really? Now they come on their calls and apologize for their mistakes and make excuses for their ignorance and mistakes. Is this responsible reporting?

Not having a legal binding law in place has been the key blockage for effectively implementing HCL in the past. There was no legal, binding law. Get it? Now they realize this and are putting the final touches on the draft law and they will finally finish it and get it passed very soon.

These backroom deals and handshakes don’t cut it. There must be a legal law in place.I will not say it again – pay attention to the progress in HCL. Read my lips…PAY ATTENTION, PAY ATTENTION. This too in needed for any RV going forward. I have said this in the past and it has not changed. It is a mandated requirement to move forward with this country. They IMF and the USA will not sign-off on the RV until the wealth of the Iraq country is secure and being utilized as it should for the benefit of the citizens and not just for this bunch of pirates who have taken over Iraq since the USA pulled out in Dec 2011. Other laws too are on the agenda and coming soon.

So there is a deadline. I know the target date and so we see the progress moving at a very rapid rate now. There are consequences too if Iraq can not get their full government established. It is not a pretty consequence and probably will result inoccupation of the and very possibly the establishment of an occupied government again. We have already see references of the USA and coalition forces go from “adviser” status, to being called “combat troops” to securing 5 large bases in northern Iraq.

Personally I do not believe Abadi or the other honest politicians will allow this to happen.

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